Matinas BioPharma Holdings Inc (MTNB) Short Interest Down 6.2% in November
Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,873,864 shares, a decrease of 6.2% from the November 15th total of 1,998,494 shares. Based on an average trading volume of 173,935 shares, the short-interest ratio is currently 10.8 days. Currently, 2.6% of the shares of the stock are sold short.
Separately, ValuEngine cut shares of Matinas BioPharma from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th.
A hedge fund recently bought a new stake in Matinas BioPharma stock. Yellowstone Partners LLC purchased a new position in shares of Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 143,914 shares of the company’s stock, valued at approximately $190,000. Yellowstone Partners LLC owned about 0.16% of Matinas BioPharma at the end of the most recent reporting period.
Matinas BioPharma (NYSEAMERICAN:MTNB) last released its quarterly earnings results on Wednesday, November 15th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. Matinas BioPharma had a negative net margin of 7,558.92% and a negative return on equity of 195.09%. The company had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.05 million.
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About Matinas BioPharma
Matinas BioPharma Holdings, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in identifying and developing therapeutics for the treatment of serious and life-threatening infections. It is engaged in developing a pipeline of product and development candidates, with an initial focus on serious fungal and bacterial infections.
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